The global oligonucleotide synthesis market size is expected to reach USD 19.64 Billion by 2028 and register a CAGR of 17.9%, according to the latest report by Reports and Data. Key factors such as advancements in healthcare and biotechnology sectors, rising government funding, and expansion of manufacturing unit owing to increasing demand for oligonucleotides are driving global market revenue growth.
Oligonucleotide synthesis is a chemical synthesis process of short nucleic acid fragments, widely used in various laboratory procedures to develop customized oligonucleotides of desired sequence. Synthetic oligonucleotides are also used in clinical settings to detect autoimmune antibodies. Advancements in synthesis techniques, increasing cases of various neurological and infectious diseases, and rising demand for oligonucleotides in various application settings such as research, drug discovery, synthetic biology, and diagnosis is boosting global market growth. Increasing government investments for research projects in genomics and synthetic biology and rising focus on personalized medicine are also fueling global market growth. In addition, increasing investments by market players and high demand for oligonucleotide synthesis technologies by private and public firms for ongoing research is further fueling market growth.
However, unavailability of sufficient funding in research and development sector especially in developing countries, and complexities related to therapeutic oligos are key restraints expected to hamper global market growth in the coming years.
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Some key highlights in the report:
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For this study, Reports and Data has segmented the global oligonucleotide synthesis market based on product, application, end-use, and region:
Product Outlook (Revenue, USD Billion, 2018 – 2028)
Application Outlook (Revenue, USD Billion, 2018 – 2028)
End-Use Outlook (Revenue, USD Billion, 2018 – 2028)
Country-wise regional analysis covers:
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